Welcome Greeting

October 9, 2025

Chairman Jerome H. Powell

At the Federal Reserve Board’s Community Banking Conference in Washington, D.C. (prerecorded video)

Good morning. I appreciate your understanding since I cannot be there in person today because of my travels. A special thanks to Supervising Vice Chair Miki Bowman for hosting this meeting, and also to the board staff for organizing these important events.

Community banks hold a critical position in the U.S. financial landscape due to their strong connections with customers and their deep understanding of local economies. This rapport enables community bankers to tailor their offerings to better meet the needs of those they serve. I’ve recognized this even more since my time leading the Board’s Community and Rural Banking Subcommittee as President. As someone who has been a customer of community banks, I’ve personally experienced their value in the neighborhoods I’ve lived in.

Today’s gathering presents a great opportunity for Federal Reserve leaders to connect with regional bankers, gaining insights into the challenges they face. We are dedicated to understanding these challenges fully. Over time, we have endeavored to align proper supervisory practices for community banks, aiming to ease unnecessary pressures while ensuring they operate safely and effectively.

Thank you for being here today and sharing your insights and experiences. Your contributions are vital to the communities you serve.

Last updated: October 9, 2025